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| ECONOMY |
NATIONAL ACCOUNTS
|
Chain volume GDP and related measures(a) |  | 2003-04 | 2004-05 |
|
 | GDP | $m | 838,251 | 857,765 |
 | GDP | % change | 4.0 | 2.3 |
 | GDP per capita | % change | 2.8 | 1.2 |
a |  |  |  |  |
Real net national disposable income(a) | % change | 5.5 | 3.3 |
 |  |  |  |  |
Multifactor productivity - Market sector(b) | % change | 1.6 | -1.7 |
|
(a) Reference year for chain volume measures is 2003-04.
(b) Gross domestic product per combined unit of labour and capital. Hours worked basis.
Average annual growth in Volume GDP(a) 1996 to 2005 |
|
 | Australia | 3.2 |
 | Canada | 3.2 |
 | France | 2.1 |
 | Germany | 1.3 |
 | Italy | 1.2 |
 | Japan | 1.0 |
 | New Zealand | 2.9 |
 | United Kingdom | 2.5 |
 | United States of America | 2.9 |
|
(a) Based on real gross domestic product for all countries other than Japan which is based on real gross national product.
Source: OECD, Quarterly National Accounts, vol. 2006/1. |
|
CONSUMER PRICE AND OTHER PRICE INDEXES(a)
|
 |  | 2003-04 | 2004-05 | 2005-06 |
|
CPI, all groups | 143.5 | 147.0 | 151.7 |
Stage of production (stage 3)(b) | 112.0 | 116.1 | 120.4 |
Export | 102.5 | 116.4 | 136.0 |
Import | 112.3 | 112.8 | 117.0 |
Output of general construction(b) | 121.1 | 130.2 | 136.5 |
Articles produced by manufacturing | 130.4 | 139.3 | 149.4 |
Transport (freight) and storage(b) | 107.1 | 111.2 | 115.9 |
Property and business services(b) | 117.3 | 120.3 | 125.6 |
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(a) Unless otherwise specified, reference base year is 1989-90 = 100.0.
(b) Reference base year is 1998-99 = 100.0. |
INTERNATIONAL MERCHANDISE TRADE
|
 | 2004-05 | 2005-06 |
 | $m | $m |
|
Total exports | 126,823 | 151,792 |
Total imports | 149,469 | 167,603 |
|
 | 2005-06 | 2005-06 |
 | Exports | Imports |
Major merchandise commodities | $m | $m |
|
Food and live animals | 19,227 | 5,920 |
Beverages and tobacco | 2,984 | 1,127 |
Crude materials, inedible, except fuels | 33,990 | 1,974 |
Mineral fuels, lubricants and related materials | 38,882 | 21,600 |
Animal and vegetable oils, fats and waxes | 320 | 414 |
Chemicals and related products, n.e.s. | 6,605 | 18,474 |
Manufactured goods classified chiefly by material | 14,898 | 18,439 |
Machinery and transport equipment | 13,368 | 72,533 |
Miscellaneous manufactured articles | 4,577 | 22,145 |
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INTERNATIONAL TRADE IN SERVICES
|
 | 2004-05 | 2005-06 |
 |  | $m | $m |
|
Total exports of services | 36,487 | 38,203 |
 | Freight | 776 | 620 |
 | Other transport | 7,298 | 7,693 |
 | Travel | 19,068 | 20,099 |
 | Other services | 9,345 | 9,791 |
a |  |  |  |
Total imports of services |  |  |
 | Freight | 7,500 | 7,779 |
 | Other transport | 5,703 | 5,949 |
 | Travel | 14,585 | 14,678 |
 | Other services | 10,223 | 10,500 |
BALANCE OF PAYMENTS
|
 |  | 2004-05 | 2005-06 |
 |  | $m | $m |
|
Goods and services deficit | 24,491 | 16,516 |
Income deficit | 32,444 | 37,467 |
Current account deficit | 57,355 | 54,420 |
INTERNATIONAL INVESTMENT POSITION
|
 | 2005 | 2006 |
 | $m | $m |
|
Foreign investment in Australia | 1,108,405 | 1,305,761 |
Australian investment abroad | 604,661 | 764,892 |
Net foreign debt at 30 June | 431,941 | 493,828 |
|
 | 2004-05 | 2005-06 |
 | % | % |
|
Net foreign equity to GDP | 8.0 | 5.0 |
Net foreign debt liability to GDP | 48.3 | 52.2 |
FINANCE
|
 | 2004-05 |
All Australian Governments, general government | $m |
|
 | Revenue | 335,680 |
 | Expenses | 316,260 |
 | Tax levied on income of individuals/enterprises | 162,974 |
 | Tax levied on provision of goods and services | 72,861 |
|
 |  | 2006 |
Financial institutions, financial assets 30 June | $b |
|
 | Banks | 1,423.5 |
 | Life insurance corporations | 230.7 |
 | Pension funds | 840.6 |
 | Other insurance corporations | 117.2 |
 | Central borrowing authorities | 112.0 |
 | Financial intermediaries n.e.c. | 521.0 |
|
 |  | 2005-06 |
Financial institutions, lending commitments | $m |
|
 | Housing finance | 155,021 |
 | Personal finance | 76,340 |
 | Commercial finance | 363,003 |
 | Lease finance | 6,848 |
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